7929 Ogden Ave

Lyons, IL 60534

$395,000
Last Sold Price
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Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Closed 10/6/23
Closed 10/6/23
an aerial view of a house with a garden
an aerial view of a house with garden space and street view
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a view of swimming pool with outdoor seating
a living room with furniture and a flat screen tv
a living room with furniture fireplace and wooden floor
a view of a room with gym equipment
a view of a room with gym equipment
a bathroom with a sink a toilet and a mirror
a view of building with swimming pool
a view of a room with natural light
a bedroom with a bed and a window
a view of a room with window
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a bathroom with a sink and a mirror
a view of building with many windows
a living room with furniture and a chandelier
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
a bedroom with a bed and a window
a utility room with sink dryer and washer
a bedroom with a bed and a chandelier
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a view of a dining room with furniture
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Description

This multi-unit dwelling is very well-maintained and it makes money! It is centrally located to restaurants, the river walk, transportation and so much more! This is a solid, corner, two-story, brick building featuring two commercial storefronts and two apartments along with nine outdoor parking spaces and three garage parking spaces! And a yard! The main, commercial storefront on Ogden Avenue features an established computer and smartphone repair shop with raving on-line reviews; this commercial...This multi-unit dwelling is very well-maintained and it makes money! It is centrally located to restaurants, the river walk, transportation and so much more! This is a solid, corner, two-story, brick building featuring two commercial storefronts and two apartments along with nine outdoor parking spaces and three garage parking spaces! And a yard! The main, commercial storefront on Ogden Avenue features an established computer and smartphone repair shop with raving on-line reviews; this commercial storefront features about 1,000 square feet along with a half bathroom and additional basement storage; this business pays $1,500 per month - like clockwork. There is a second commercial storefront along the exterior parking line and it is vacant; the business possibilities are endless; you can use it for your business or you can rent it to a myriad number of business (i.e., hair salon, nail salon, balloon business or an office); one can also easily collect $750 per month in this vacant space. The second floor consists of two apartments. The studio apartment is cozy and quaint; the tenant has lived in that space for decades and he pays $750 per month. The large, three-bedroom, one bathroom unit is huge and the tenants pay $1,400 per month, and the tenants are perfect! Additionally, the three garage spots are also rented collectively for $300 per month. A lot of commercial properties do not make money. This one does! Show and sell! A true 10. IMPORTANT NOTE: The Seller has an assumable mortgage on this property. The Seller owes $172,000 on this property. The interest rate is fixed at 4%. This means that, for example, if the Buyer purchases this building at $425,000 and if the Buyer puts down the difference between $425,000 and $172,000, or puts a down payment of $253,000 ($425,000 minus $172,000), then the Buyer can take over the payments and the interest rate at 4%, which is a huge plus. The benefits include: a) a dirt cheap fixed rate at 4%, b) avoiding today's interest rates, c) paying down principle quickly because the Seller has been in the loan since 2018 and d) avoiding commercial loan fees and avoiding continually refinancing the loan with a commercial bank! This is a huge plus!
  1. Listed by Peter Drossos • Peter Drossos Real Estate
    P: (773)-593-5626 peter.drossos.reo@gmail.com

Sold By In Business Real Estate

Property Details for 7929 Ogden Avenue

Area
Lyons
Township
Lyons
Num Of Parking Spaces
12.0
Air Conditioning Type
Window Unit(s)
Zoning
MULTI
LISTING UPDATED: 10/08/2023 09:56 AM

Property Details for 7929 Ogden Avenue

StatusClosed
MLS #11848977
Days on Market12
Taxes$7,355 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1924
Lot Size0.10 AC / 4,404 SF
CountyCook County
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Location

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Building Information for 7929 Ogden Avenue

Stories2Residences4Year Built1924Lot Size0.10 AC / 4,404 SF

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$2,530 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,917

Property Taxes

$613

HOA Dues

$0

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Property Information for 7929 Ogden Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Geographic Locale: East/West Corridor
  • Information: Short Notice OK
  • Postal Code Plus 4: 1398
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Heat/Ventilation: Hot Water
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
  • Misc Outside: Enclosed Stairs,Patio
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 30 X 142
  • Lot Size Square Feet: 4404.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick, Concrete
  • Fire Protection: Other
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 3335
  • # Of Offices: 0
  • # Of Stores: 2
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Photos Count: 48
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $1,800.00
  • Gross Income: $47,400.00
  • Gross Scheduled Income: $47,400.00
  • Insurance Expense: $1,800.00
  • Total Annual Expense Source: Owner Projection
  • Total Monthly Income: 3950
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,980.00

Property History for 7929 Ogden Avenue

DateEvent & SourcePriceAppreciation
Oct 6, 2023

Sold

MRED #11848977

$395,000—
Sep 26, 2023

Sold (Public Record)

Public Record #1520122745

$395,000

+13.6% / yr

Aug 13, 2023

Pending

MRED #11848977

—
Aug 13, 2023

Contingent

MRED #11848977

—
Aug 2, 2023

Cancelled

MRED #11840993

$425,000—
Aug 2, 2023

Listed (Active)

MRED #11848977

$425,000—
Jul 24, 2023

Cancelled

MRED #11834286

$425,000—
Jul 24, 2023

Listed (Active)

MRED #11840993

$425,000—
Jul 17, 2023

Cancelled

MRED #11428993

$500,000—
Jul 17, 2023

Listed (Active)

MRED #11834286

$425,000—
Jun 6, 2022

Listed (Active)

MRED #11428993

$500,000—
Apr 2, 2018

Sold

MRED #09820693

$195,000—
Mar 19, 2018

Sold (Public Record)

Public Record #619943882

$195,000—
Dec 21, 2017

Pending

MRED #09820693

—
Dec 21, 2017

Listed (Active)

MRED #09820693

$199,900—
Dec 12, 2017

Cancelled

MRED #09660449

$199,000—
Dec 5, 2017

Listed (Active)

MRED #09660449

$229,000—
DateEvent & SourcePrice
10/06/2023

Sold

MRED #11848977

$395,000
09/26/2023

Sold (Public Record)

Public Record #1520122745

$395,000

+13.6% / yr

08/13/2023

Pending

MRED #11848977

—
08/13/2023

Contingent

MRED #11848977

—
08/02/2023

Cancelled

MRED #11840993

$425,000
08/02/2023

Listed (Active)

MRED #11848977

$425,000
07/24/2023

Cancelled

MRED #11834286

$425,000
07/24/2023

Listed (Active)

MRED #11840993

$425,000
07/17/2023

Cancelled

MRED #11428993

$500,000
07/17/2023

Listed (Active)

MRED #11834286

$425,000
06/06/2022

Listed (Active)

MRED #11428993

$500,000
04/02/2018

Sold

MRED #09820693

$195,000
03/19/2018

Sold (Public Record)

Public Record #619943882

$195,000
12/21/2017

Pending

MRED #09820693

—
12/21/2017

Listed (Active)

MRED #09820693

$199,900
12/12/2017

Cancelled

MRED #09660449

$199,000
12/05/2017

Listed (Active)

MRED #09660449

$229,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7929 Ogden Avenue

Taxable ValueLand$2,532Additions$28,467Total$30,999
Tax Record2023$9,375 ($781 / month)
Home Facts
Baths4.5Total Finished SqFt3,335 SqFtAbove Grade Finished SqFt3,335 SqFtStories2Lot Size4,404 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN18-01-102-009

Schools near 7929 Ogden Avenue

This home is within J S Morton Hsd 201 School District.
Rating
School
Type
Grades
Distance
Costello School
Public - PK to 5
George Washington Middle School
Public - 6 to 8
J Sterling Morton West High School
Public - 9 to 12
J Sterling Morton Alternative School
Public - 9 to 12
Rating
School
Distance
Costello School
PublicPK to 5

George Washington Middle School
Public6 to 8

J Sterling Morton West High School
Public9 to 12

J Sterling Morton Alternative School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Peter Drossos Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/08/2023 09:56 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.